Welspun Living Ltd., a key player in the home textiles industry, announced that its second-quarter consolidated net profit, which ended on 30th September 2024, increased marginally to US $ 24.07 million.
Welspun Living Ltd. posted a consolidated net profit of US $ 23.83 million for the same quarter of the prior fiscal year, per a regulatory filing. The report states that consolidated revenue from operations stood at US $ 341 million, compared to US $ 298 million during the same period last year.
The company reported that total expenses for the second quarter were US $ 316 million, more than US $ 271 million for the same period last year.
According to BK Goenka, chairman of the Welspun Group, Welspun Living reported its highest-ever consolidated quarterly revenues in Q2 FY25, increasing by 15.5 per cent despite generally unfavourable global conditions brought on by difficulties in the Red Sea.
He noted that despite weak retail market sentiments, domestic consumer business continued to demonstrate resilience throughout the quarter.
